Fresh off a hearing about continued cost increases on Lockheed Martin’s F-35 Joint Strike Fighter program, the Senate Armed Services Committee (SASC) on June 16 approved a bill that would require the government to buy the next batch of aircraft on a fixed-price contract, requiring the Pentagon’s largest contractor to absorb any additional costs. “That’s really an overhaul of how we acquire large items such as the Joint Strike Fighter,” Sen. Carl Levin (D-Mich.), committee chairman, told ...


"Lockheed To Pick Up F-35 Overruns Under SASC Bill" is Premium Content. Subscribing will provide full access to this article as well as the opportunity to access:
-- Critical intelligence on the global aviation, aerospace & defense industries
-- Consolidated, comprehensive coverage of the programs and technologies shaping the industry
-- And much more…

Already registered? here.